Wow, that's an interesting new way of justifying a higher salaray, oh wait, I forgot, that's the same scheme that the teachers unions have been using for the past 20 years to justify their annual double digit increases. At least I have the option of not supporting Merrill Lynch and Citigroup. The government forcibly extracts the money from me under threat of law to pay for a corrupt and inept school system which I would not otherwise suppport. And how do the politicians who are grilling these CEO's get their own pay raises? They vote them in for themselves under the cover of darkness. Damned theives!!!!!!!!!!
Speaking of hypocritical, lying, theiving, politicians, I got a real kick out of Chuckie Schumer berating the CEO of Countrywide for paying for a junket to Aspen when his company is in such bad financial shape. Hey Chuckie, how many junkets have you idiots in Washington paid for while running up a 9 trillion dollar debt??????????????? Talk about the pot calling the kettle black!!!

Why doesn't any of this surprise me (?). As a former employee of Citigroup I would "anxiously" await news of what Sandy was getting for his yearly compensation. Would it exceed his previous 200 million? Then being told when it did that he "earned" it, and in the same breath being told the annual raises and/or bonuses would be allotted to a smaller portion of the employee population. Bitter? Not me, I no longer have to deal with the corporate exploitation of their "nose to the grindstone" employee. When they come before Congress I wonder if anyone will ask "how much is enough?” When Congress starts their investigation maybe they will look into the mirror and ask, "is it okay to look the other way when gas/oil prices are increasing because it lines my pocket with stock dividends?” Talk about sounding circular!
One more thing comes to mind about Corporate Executive greed, "what goes around comes around".